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The world is being quietly rearranged by people who write very long documents.

Federal Register · April 28, 2026
The title they went with Five-Year Review of the Oil Pipeline Index Noisy translates that to

Oil pipeline shipping costs will rise more slowly starting in 2026

What happened
The US energy regulator has set a new formula for how much oil pipelines can charge to ship oil. Starting in 2026, these shipping costs will increase by 0.55% less each year than they would have under the old formula.
Why it matters
Every five years, the US energy regulator adjusts how much oil pipelines can raise their rates. This new adjustment means that the cost of moving oil through pipelines will grow more slowly than before. This change will affect the profits of pipeline operators and the costs for oil producers and refiners.
The signal
Watch for how oil pipeline companies adjust their investment plans and long-term contracts in response to this change in their revenue growth.
If you insist
Read the original →